Portugal: Roasted Coffee Market 2023

Roasted Coffee Market Size in Portugal

In 2021, the Portuguese roasted coffee market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Roasted Coffee Production in Portugal

In value terms, roasted coffee production totaled $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Roasted Coffee Exports

Exports from Portugal

For the fourth consecutive year, Portugal recorded growth in overseas shipments of roasted coffee, which increased by 19% to X tons in 2021. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, roasted coffee exports soared to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.4% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for roasted coffee exports from Portugal, accounting for a 30% share of total exports. Moreover, roasted coffee exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.8% per year) and the UK (+25.0% per year).

In value terms, Spain ($X) remains the key foreign market for roasted coffee exports from Portugal, comprising 28% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by the UK, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.1% per year) and the UK (+20.5% per year).

Export Prices by Country

In 2021, the average roasted coffee export price amounted to $X per ton, growing by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Coffee Imports

Imports into Portugal

In 2021, approx. X tons of roasted coffee were imported into Portugal; growing by 34% compared with the previous year. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.3% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, roasted coffee imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of roasted coffee to Portugal, with a 46% share of total imports. Moreover, roasted coffee imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+50.4% per year) and Italy (+1.3% per year).

In value terms, the largest roasted coffee suppliers to Portugal were France ($X), Spain ($X) and Italy ($X), with a combined 86% share of total imports. Germany, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, the Netherlands, with a CAGR of +58.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average roasted coffee import price amounted to $X per ton, picking up by 2.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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